811 Oak Street is a turnkey and extensively renovated fourplex situated in the highly sought after Lower Haight district of San Francisco. The property is located less than one-mile from numerous AI companies. It has a lot size of 2,548 square feet and a massive building area of 5,725 square feet. There are two large six-bedroom/three-bathroom units consisting of 2,184 and 1,871 square feet, one five-bedroom/three-bedroom unit (1,720 square feet), one two-bedroom/one-bathroom unit (768 square feet). Each unit has a vaulted ceiling, large kitchen and living room, and commercial quality laundry machines. Current ownership acquired the property in 2019 from a long term owner that had completed limited upgrades. The sale represented the starting point in a multi-year construction project which would culminate with the property being transformed into best-in-class rental housing. This project consisted of a down to the studs’ renovation consisting of entirely new electrical wiring and panels, gas, copper plumbing system, exterior siding and paint, roof, and hallway finishes. The unit interiors were entirely renovated with new walls and ceilings, subfoors, plank flooring, LED lighting, plumbing fixtures, dual pane windows and doors. The high-end kitchens were appointed with quartz countertops, new cabinets, and stainless steel appliances and the bathrooms were given new vanities, bathtubs, showers, and plumbing fixtures. New wall heaters were added in addition to an in-unit washer and dryer in each unit. No expense was spared in these infrastructure and system upgrades and unit renovations. See the “Scope of Renovations” document on the following page for a complete breakdown of capital improvements on the properties. 811 Oak Street has arguably been renovated to a greater degree and higher specification than any other multifamily property of similar vintage in San Francisco. These improvements have resulted in 811 Oak Street achieving rent levels commensurate with newer construction properties in the area. The tenant profile at 811 Oak Street consists of very high income and credit score professionals in technology, engineering, and business; therefore, it has had 100% tenant collections and there have been no past due rents or tenant-landlord disputes. Maintenance and repairs are infrequent and low cost on an absolute basis and on a relative basis compared to other properties. Additionally, tenants pay a monthly utility fee for water, sewer, and trash. The luxury amenities coupled with the new systems and large units have resulted in 811 Oak Street having much higher income and significantly lower operational expenses compared to other San Francisco fourplexes. Additional income is available from increasing rents to market level upon unit turnover. The property is currently self-managed by the owners who are business professionals. They have found the management to be straight forward and have not needed to hire a property management company, further reducing the operational expenses. Marketing of units for rent is aided by a high-?delity property website which includes professional photos, 3D Matterport virtual tours, and ?oor plans. This content will be transferred to the new owner. San Francisco apartment rents and building values have increased significantly this year. The best-in-class renovations, management ease, proximity to large employers, and prestigious Lower Haight location make 811 Oak Street a great opportunity for both the cash-flow and appreciation minded investor.